South Africa inflation rises to a 15-month high
JOHANNESBURG – South Africa’s annual inflation rate rose above the midpoint of the central bank’s target range for the first time in 15 months in February driven by higher fuel prices.
Consumer prices increased 4.6% from a year earlier compared with 4.5% in January, Pretoria-based Statistics South Africa said Wednesday in a statement on its website.
The median estimate of 16 economists in a Bloomberg survey was 4.5%. Prices rose 1% from January, the highest monthly rate since February 2017.
Source: iol.co.za
